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Materials, energy thrust TSX to record high

Published 2019-09-19, 10:07 a/m
© Reuters.  Materials, energy thrust TSX to record high
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Sept 19 (Reuters) - Canada's main stock index hit a record high on Thursday, powered by gains in commodity-linked materials and energy sectors.

* The Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE set a new all-time high of 16859.59 points.

* At 9:58 a.m. ET (1358 GMT), TSX was up 58.04 points, or 0.35%, at 16,858.33.

* Ten of the index's 11 major sectors were higher with the materials sector .GSPTTMT adding 0.8%.

* The sector, which includes precious and base metals miners and fertilizer companies, rose after gold bounced above $1,500 an ounce as focus returned to global growth risks and Middle East tensions. GOL/

* The largest percentage gainers on the TSX were shares of gold miners Iamgold Corp IMG.TO , which jumped 3.1%, followed by those of Barrick Gold ABX.TO , which rose 2.8%.

* The energy sector .SPTTEN climbed 0.6%, mirroring gains in oil prices which were supported by supply risks as the market assesses the fallout from last weekend's drone attacks on Saudi oil infrastructure.

* U.S. crude CLc1 prices were up 1% a barrel, while Brent crude LCOc1 added 1.7%. O/R

* Canada added 49,300 jobs in August as hiring in the trade, transportation and utilities sector led broad-based gains, according to a report from ADP (NASDAQ:ADP) released on Thursday. Canadian home prices rose for the fourth consecutive month in August, while the annual increase in prices picked up for the first time in nine months, data on Thursday showed. On the TSX, 164 issues were higher, while 66 issues declined for a 2.48-to-1 ratio favouring gainers, with 15.61 million shares traded.

* CannTrust Holdings TRST.TO fell 2.9%, the most on the TSX, followed by shares of West Fraser WFT.TO , down 2.4%.

* The most heavily traded shares by volume were BCE Inc BCE.TO , Canadian Imperial Bank CM.TO and Black Iron Inc BKI.TO .

* The TSX posted three new 52-week highs and no new low.

* Across all Canadian issues there were 25 new 52-week highs and three new lows, with total volume of 23.45 million shares.

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